2018 Tax Law Changes & Last Minute Tax Saving Tips Download - PowerPoint PPT Presentation

Monterey Public Library Endowment Committee and Friends of the Library present 2018 Tax Law Changes & Last Minute Tax Saving Tips Download Handouts at: https://www.monterey.org/library/Events/Financial-Awareness-Workshops Presented by Travis H. Long, CPA Travis H. Long, CPA, Inc. www.tlongcpa.com 831.333.1041 Inga Waite, Library Director Monterey Public Library 625 Pacific Street, Monterey, CA 93940 www.monterey.org/library, 831.646.3933 California’s first public library established in 1849

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC . www.tlongcpa.com 831.333.1041

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC . Travis H. Long is a Certified Public Accountant licensed by the California Board of Accountancy, and a member of the California Society of Certified Public Accountants. Long opened his firm in January 2011 after working for a number of years in public accounting. His experience includes trust and estate taxation and planning, individual and business taxation and planning, accounting for partnerships, corporations, nonprofits, trusts, and estates. Travis graduated first in his class from Principia College in Elsah, Illinois, majoring in Business Administration and Mass Comm. Travis is an active member in his community and church. He recently finished a two-year term as President of the Board for Meals on Wheels of the Monterey Peninsula, and now serves as Treasurer. He teaches Sunday School at First Church of Christ, Scientist, Carmel, where he also fills the role of Treasurer. Travis is a member of the Pacific Grove Rotary Club, and is the President Elect of that organization. In addition, he serves as an Ambassador for the Pacific Grove Chamber of Commerce. He and wife, Joy, have two children. Outside of work and community activities, Travis enjoys Cub Scout activities with his son, playing dolls with his four-year-old daughter, and home renovation projects. He can be reached at travis@tlongcpa.com, (831) 333-1041 or http://www.tlongcpa.com. 706-B Forest Ave., Pacific Grove, CA

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC . Single Married Filing Jointly 2018 Tax Rates – 2017 Tax Rates – 2018 Tax Rates – 2017 Tax Rates – Standard Deduction Standard Deduction Standard Deduction Standard Deduction $24,000 $12,700 $12,000 $6,350 10% 0 to $9,525 10% 0 to $9,325 10% 0 to $19,050 10% 0 to $18,650 12% $9,525 to 15% $9,325 to 12% $19,050 to 15% $18,650 to $38,700 $37,950 $77,400 $75,900 22% $38,700 to 25% $37,950 to 22% $77,400 to 25% $75,900 to $82,500 $91,900 $165,000 $153,100 24% $82,500 to 28% $91,900 to 24% $165,000 to 28% $153,100 to $157,500 $191,650 $315,000 $233,350 32% $157,500 to 33% $191,650 to 32% $315,000 to 33% $233,350 to $200,000 $416,700 $400,000 $416,700 35% $200,000 to 35% $416,700 to 35% $400,000 to 35% $416,700 to $500,000 $418,400 $600,000 $470,700 37% Over 39.60% Over 37% Over 39.60% Over $500,000 $418,400 $600,000 $470,700

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC . Head of Household Married Filing Separately 2018 Tax Rates – 2017 Tax Rates – 2018 Tax Rates – 2017 Tax Rates – Standard Deduction Standard Deduction Standard Deduction Standard Deduction $12,000 $6,350 $18,000 $9,350 10% 0 to $9,525 10% 0 to $9,325 10% 0 to $13,600 10% 0 to $13,350 12% $9,525 to 15% $9,325 to 12% $13,600 to 15% $13,350 to $38,700 $37,950 $51,800 $50,800 22% $38,700 to 25% $37,950 to 22% $51,800 to 25% $50,800 to $82,500 $76,550 $82,500 $131,200 24% $82,500 to 28% $76,550 to 24% $82,500 to 28% $131,200 to $157,500 $116,675 $157,500 $212,500 32% $157,500 to 33% $116,675 to 32% $157,500 to 33% $212,500 to $200,000 $208,350 $200,000 $416,700 35% $200,000 to 35% $208,350 to 35% $200,000 to 35% $416,700 to $500,000 $235,350 $500,000 $444,500 37% Over 39.60% Over 37% Over 39.60% Over $500,000 $235,350 $500,000 $444,500

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC . Trusts and Estates 2018 Tax Rates 2017 Tax Rates 10% 0 to $2,550 15% 0 to $2,550 24% $2,550 to 25% $2,550 to $9,150 $6,000 35% $9,150 to 28% $6,000 to $12,500 $9,150 37% Over 33% $9,150 to $12,500 $12,500 N/A N/A 39.60% Over $12,500

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC . www.irs.gov/individuals/irs-withholding-calculator

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC .

TRAVIS H. LONG CERTIFIED PUBLIC ACCOUNTANT, INC . Travis H. Long, CPA, Inc. Certified Public Accountant 706-B Forest Avenue Pacific Grove, CA 93950 Telephone: (831) 333-1041 Fax: (831) 241-5020 Email: travis@tlongcpa.com